The difference between a department's gross profit and its direct operating expenses is known as the departmental direct operating margin
a. True
b. False
Indicate whether the statement is true or false
True
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Bonds secured by a mortgage on corporate property are called guaranteed bonds
a. True b. False Indicate whether the statement is true or false
When accounting for a fixed compensatory share option plan, a company must record which of the following on the date of grant?
A) a journal entry recognizing the common stock issued B) a journal entry recognizing the compensation expense C) a memorandum entry explaining the terms of the compensatory share option plan D) a memorandum entry of the expected annual compensation expense amount
Which of the following statements is not correct regarding the importance of inventory turnover to a company's profitability?
A. Companies will prefer to have a low inventory turnover rather than a high inventory turnover. B. A company's profitability is affected by how rapidly inventory sells. C. It is sometimes more desirable to sell a large amount of merchandise with a small amount of gross margin than a small amount of merchandise with a large amount of gross margin. D. A company's profitability is affected by the spread between cost and selling price.
Employers can require or cause employees, but not job applicants, to take lie-detector tests.
Answer the following statement true (T) or false (F)